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PM Gives HS2 The Go-Ahead

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Posted in News, Where To Invest.

Prime Minister Boris Johnson has announced that the HS2 high-speed rail link will go-ahead, with the first phase of the route travelling between London and Birmingham, with a second phase going to Manchester and Leeds.

The HS2 aims to improve transport times, increase capacity, create jobs and re-balance the UK’s economy. North-East businesses has commented on the fact that the scheme will help to boost the Northern economy.

Once built, journeys will be shorter; cut from 1 hour and 21 minutes to just 52 minutes will be travel times from London to Birmingham. Furthermore, while being built, it is expected to create thousands of jobs and provide a stimulus to economic growth.

The Go-Ahead of the HS2 is Expected to Boost Northern Economy

The go-ahead of the HS2 high-speed rail link is expected to encourage more businesses to re-locate from the South to the North. The easier and now faster long-distance journeys will further highlight the available investment opportunities in the North; further boosting the Northern economy.

Improved Transport Infrastructure

The Government has already committed to building parts of the Northern Powerhouse Rail, which would connect Liverpool directly with Manchester and Leeds. As well as building a high-speed line between the major UK cities. This would mean more space on the existing lines for commuter services.

Furthermore, the Northern Powerhouse Rail has been designed to connect with the HS2. In places it uses part of the HS2 track. Furthermore, it relies on stations being upgraded in the way they would be under the HS2 plans, boosting the North’s infrastructure.

Boris Johnson has also promised a £5 billion investment into bus and bicycles. Consequently, this drastically improved transport infrastructure is expected to see more people moving up from the South to the North.

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